The past decade spearheaded a revolution in payment methods and form factors around the globe, from digital wallets like Apple Pay®, Samsung Pay and Google Pay™, to contactless wearables and payment objects. Now, years in the making, the U.S. card market is finally ripe for contactless payments and widespread adoption may ramp up as a…
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Across the world the use of contactless payments is on the rise. It was reported in March 2020 that the contactless payments growth rate had doubled in Nordic countries during the first four months of 2020. Likewise, an AMEX survey also discovered a significant shift in U.S. consumer attitudes about the technology, with the number of people using contactless in stores…
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The COVID-19 outbreak has quickly catapulted contactless payments into the mainstream consciousness thanks to their hygienic benefits. For US banks to fully capitalize on this unique messaging opportunity and ignite a longer-term behavior change among cardholders, they must ramp up the speed in which they are getting contactless cards into the market. To date, most…
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More evidence that consumers are finally adopting contactless payments emerged as Cardknox, a payment gateway, noted a 150% increase in contactless payment use from just from November to April. Announced Thursday, the increase, albeit lacking volume details, indicates consumers’ mindfulness about reducing physical contact with point-of-sale terminals. Cardknox said some of the growth may also come…
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The idea of contactless technology in the hotel industry is not new, though until now it has been regarded as an operational “luxury” rather than a must-have. But a confluence of factors set in motion by COVID-19 will require hoteliers to reevaluate nearly every aspect of how they do business – and redefine what’s essential.…
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